Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Illinois before hiring.
Showing 18 reverse mortgage specialists in Libertyville, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fairway - Team Brua
150 E Cook Ave Ste 100, Libertyville, IL 60048
8474879915
Joe Spisak at Waterstone Mortgage NMLS #197397
1580 S Milwaukee Ave #301, Libertyville, IL 60048
7732555989
Great Lakes Home Mortgage
1860 W Winchester Rd #102, Libertyville, IL 60048
8478169600
Roberto Cuevas - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
8475535107
Diamond Residential Mortgage Corporation Libertyville
533 N Milwaukee Ave, Libertyville, IL 60048
8472932111
Cindy Alivo - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
4147198657
Waterstone Mortgage - Libertyville, IL
1580 S Milwaukee Ave, Libertyville, IL 60048
7732555989
Lora Willms at Guaranteed Rate (NMLS #222026)
1930 Innovation Wy Suite 252, Libertyville, IL 60048
7738408201
Preferred Rate - Libertyville
339 N Milwaukee Ave, Libertyville, IL 60048
8476255555
Mary Ann Kosinski - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
6307889700
Rick Contino - NMLS 19041 - Preferred Rate partnered with American Pacific Mortgage NMLS 1850
339 N Milwaukee Ave, Libertyville, IL 60048
8473433764
Vicky L. Orusa - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
8472125983
Bill Katsoolias NMLS#755858 Wintrust Mortgage
1200 S Milwaukee Ave, Libertyville, IL 60048
2247702021
Mortgage Professional, Inc.
922 Terre Dr, Libertyville, IL 60048
8472261548
Joseph Flynn Motto Mortgage Affiliated
501 Peterson Rd Suite 200B, Libertyville, IL 60048
8479897869
Bob Bless - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
8473227548
Joe Amato
1580 S Milwaukee Ave, Libertyville, IL 60048
8474362725
Michelle Gorsuch - Preferred Rate
339 N Milwaukee Ave, Libertyville, IL 60048
8153552845
What Does a Reverse Mortgage Specialist in Libertyville Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal ($400 to $600) and title insurance ($800 to $1,200). Closing costs in Libertyville generally range from $2,500 to $5,000. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What qualifications does a reverse mortgage specialist in Libertyville need?
A specialist must hold a valid Illinois mortgage loan originator license and complete HUD-approved training for HECM loans. They should have experience with FHA rules and Illinois specific closing procedures.
How does Illinois law affect reverse mortgage terms in Libertyville?
Illinois requires a mandatory three-day rescission period after closing, giving borrowers time to cancel without penalty. The state also limits non-borrowing spouse protections under certain conditions, so a specialist can explain these rules.
What are the age and property requirements for a reverse mortgage in Libertyville?
All borrowers must be at least 62 years old. The property must be a single-family home, a two-to-four unit property with the borrower living in one unit, or a FHA-approved condominium in Libertyville.